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SEC Announces New Date for Compliance with Final Municipal Advisor Registration Rules


Washington D.C., Jan. 13, 2014 —

The Securities and Exchange Commission today announced that compliance with the final municipal advisor registration rules will not be required until July 1, 2014, the date on which the first set of municipal advisors will be required to register under the final rules.  

The Commission, while balancing the goals of enhancing the quality of municipal securities advice and protecting investors and municipalities in the municipal securities market, took this action to give market participants additional time to analyze, implement, and comply with the final rules.

The Commission approved the final rules last year under the Dodd-Frank Act to provide an effective municipal advisor registration regime. The rules require municipal advisors to register with the Commission if they provide advice to municipal entities or certain other persons on the issuance of municipal securities, or about certain investment strategies or municipal derivatives. 


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